Verisure Hit by Hack Attack as Stock Plunges

Swedish security firm Verisure suffered a major cyberattack this week. The company's stock dropped nearly 5% following the breach announcement. Police have launched a criminal investigation into the hacking incident. They are treating it as serious data intrusion and extortion. Verisure filed a police report about the cyberattack on Thursday. Authorities confirmed they opened a preliminary investigation. A police spokesperson said they are still determining what happened. Olle Älveroth from the Eastern police region acknowledged the complexity. He stated investigators currently lack a clear picture of events. Verisure emailed customers about recently discovering the security problem. The company serves approximately 550,000 customers across Sweden. This breach highlights growing cybersecurity threats facing European companies. Security firms face particular scrutiny when their own systems get compromised. The stock reaction shows investor concern about potential data exposure.